Subsea UK events to explore opportunities in international waters

Source: Subsea UK

Industry body Subsea UK is hosting two briefing sessions with the Department for International Trade (DIT) ahead of SPE Offshore Europe 2017.


Industry body Subsea UK is hosting two briefing sessions with the Department for International Trade (DIT) ahead of SPE Offshore Europe 2017.

The first briefing on August 28 will focus on the post-energy reform oil and gas sector opportunities in Mexico. Mariana Garay, energy senior officer for the DIT team in Mexico along with Chris Wall, DIT Business Specialist will give an in-depth view on developments within the Mexican market.

The 2013 Energy Reform in Mexico has opened the sector up to private investment and competition. To date, over 60 new national and international companies have been awarded contracts for E&P in the Gulf of Mexico, through transparent bidding rounds which offer attractive plays with promising prospective resources.

It is estimated that 2018 will see one of the most ambitious offers made so far by the Mexican Government. With 30 deep-water blocks on the table, UK suppliers are well placed to win significant amounts of work in subsequent years.

The second event on September 4 will look at opportunities to do business in India, Kazakhstan and Azerbaijan. The audience will hear from Jonathan Spencer, oil and gas stakeholder manager at DIT, who will give an overview of these opportunities and the work of his team. Carol Harvey, DIT export finance manager for Scotland, will also share information about how UK Export Finance can support UK companies.

Earlier this year, UK supply chain companies showcased their technology and expertise to senior officials from India's largest oil and gas exploration and production company, Oil and Natural Gas Corporation (ONGC) on a technical trade mission to South Asia. Organised by Subsea UK and DIT, the five-day mission saw representatives from Expro Group, Flexlife, GE Oil and Gas, SMD, Sonardyne and Tata Steel participate in a series of workshops to demonstrate their deep-water exploration and production capabilities.

With subsea exports valued at almost £5 billion, Subsea UK wants to see an increase of British firms targeting international expansion to sustain long term growth.

Neil Gordon, chief executive of Subsea UK said: “This is a great chance for companies to hear directly from the department on what opportunities are available overseas and what support is available. As seen with the success of our recent mission to India, we are always encouraging businesses to explore new markets so I would ask those who are open to diversifying to come along and engage with both the DIT and Subsea UK.”

DIT is exhibiting at Offshore Europe, which runs from September 5-8, and is providing companies with an opportunity to meet with their overseas commercial officers and the UK-based oil and gas team.

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